WB was in play today because of high PM volume. Its been in a long-term downtrend since early 2018. Price broke through two levels (40 and 41.5) and has been consolidating above the last level between 41.75 and 42.25. I took a few scalps in the morning after it broke 40. In the late morning it trended back up slowly, creating an ascending triangle, and I longed it another 2 tiers for a decent 50cent move. Should have held it longer however; I need to learn to hold a core position for my Trade2Hold positions. After hitting resistance at 42.25 I bought near the low of the range at 41.75 but stopped out because it traded down to 41.40. I tried the trade again after it broke its HOD and had a pullback, bought 2 tiers at 42.32 and gave way too much room and stopped myself out of 1 tier at 41.93. I waited for HOD to be broken and sold my second tier at 42.74.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-08-19 09:40:31 | WB | buy | $40.490 | long |
2019-08-19 09:42:43 | WB | sell | $40.650 | 0 |
2019-08-19 09:43:51 | WB | buy | $40.820 | long |
2019-08-19 09:45:16 | WB | sell | $40.630 | long |
2019-08-19 09:45:52 | WB | sell | $40.260 | 0 |
2019-08-19 09:47:17 | WB | buy | $40.250 | long |
2019-08-19 09:54:15 | WB | sell | $40.210 | long |
2019-08-19 09:55:26 | WB | sell | $40.410 | 0 |
2019-08-19 10:46:09 | WB | buy | $40.790 | long |
2019-08-19 10:47:02 | WB | sell | $40.870 | long |
2019-08-19 10:50:36 | WB | sell | $41.180 | 0 |
2019-08-19 11:25:33 | WB | buy | $41.750 | long |
2019-08-19 11:26:50 | WB | sell | $41.610 | long |
2019-08-19 11:27:05 | WB | sell | $41.460 | 0 |
2019-08-19 13:19:09 | WB | buy | $42.320 | long |
2019-08-19 14:02:44 | WB | sell | $41.930 | long |
2019-08-19 15:00:50 | WB | sell | $42.740 | 0 |
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